Complete Guide to Buying Flat in Surulere (2-, 3-Bedroom Prices & Tips)

You don’t even have to overthink it. 

Buying a flat in Surulere right now can be one of the smartest real estate decisions you’ll ever make. 

However, that hinges on understanding the market and buying with proper guidance. 

At RentHouseSurulere, we’ve helped hundreds of Lagosians and returning Nigerians find homes and investments in Surulere. 

We’ve poured into this article all the basic, important things you should know (and do) when buying a flat in Surulere, especially 2- and 3-bedroom apartments. 

TL;DR: Current Flat Prices in Surulere

As of late 2025, here’s what the market looks like based on listings from verified property sites and field data from our verified agents:

For people totally new to this part of Lagos, the first thing we usually tell them during consultation is that: 

Neighbourhoods like Bode Thomas, Ogunlana Drive, Aguda, Iponri, and Itire are known for their liveliness, while areas like Lawanson and Ojuelegba offer slightly cheaper housing options. 

READ ALSO: How To Get To Surulere From Anywhere in Lagos.  

As you continue reading, you’ll learn the following about buying flats in Surulere:

• Prices
• Neighbourhoods
• Documents
• Budgeting
• Negotiation.

Price for Flats in Surulere Depends on: 

Cost is usually a primary factor when buying flats. And these factors are really what drive the prices: 

1. Location within Surulere
2. Age and condition of the building
3. Type of title document (C of O, Governor’s Consent, Deed, etc.)
4. Parking space, security, water, and accessibility
5. Amenities within the flat

We’ve even had some clients turn down offers simply because the flats are on the downfloor. So such demand can influence prices. 

Setting Your Budget the Smart Way

Buying a flat involves more than the cost of the property. 

Many buyers make the mistake of budgeting only for the purchase price. A realistic budget for, say, a 2-bedroom property, should include:

1. Purchase price: For example, ₦65 million
2. Legal and agent fees: In a perfect world, these should be 5-10% of the property price.
3. Survey and documentation: ₦200,000 to ₦500,000
4. Renovation or furnishing costs: ₦500,000 to ₦5 million (depending on scale)
5. Utility setup and moving costs

A good rule is to save at least 10–15% beyond the selling price. This cushion helps you cover unexpected costs while still moving in comfortably.

Choosing the Right Agent For Buying Flats in Surulere

If you’re looking to buy any property in Surulere, the easiest and fastest way is to use the ‘Request Property’ feature on RentHouseSurulere.

1. Proudly Registered: We are proud to be a fully registered and certified real estate agency with Lagos State Real Estate Regulatory Authority (LASRERA). This means we operate legally, transparently, and in full compliance with Lagos State’s real estate laws.

2. Zero Inspection Fees: Unlike traditional agents, who may charge ₦5,000 to ₦10,000 per property inspection (often with no guarantee of quality), we offer three free inspections.

3. Transparent Process: You’ll always know how much rent, caution, and agency fees cost, all of this before inspection. We deal directly with landlords, so there are no surprises. We clearly present the landlord’s terms, and you receive a receipt for each payment.

4. Verified Listings: We only upload listings that we’ve personally inspected. We update our listings regularly so you don’t waste time chasing unavailable houses.

5. It’s Fast: If you’re in a hurry or just prefer chatting, message us on WhatsApp. We’ll reply faster than you expect, usually with ready-to-go apartment options, photos, videos, and even personalised advice on which areas in Surulere are most suitable for you, based on your lifestyle and budget.

Step-by-Step Process of Buying a Flat in Surulere

Whether you’re buying through an agent or directly from a developer, these are the key steps to follow:

Step 1: Inspect multiple flats

Never pay for what you haven’t seen in person. 

At RHS, we make an effort to send the client video footage of the property. Still, we encourage in-person inspection. 

If you’re very keen on details, we’ve prepared a seperate guide for you itemising all the key things to focus on during a property inspection, such as buying a flat. 

Step 2: Verify ownership documents

Once you’ve found a flat you are interested in, the next thing is to request a copy of the title (C of O, Governor’s Consent, or Deed of Assignment).

Buying is different from renting. This single step sets the tone for a secure purchase. 

Step 3: Engage a property lawyer

You’ll need to confirm authenticity and check for encumbrances at the Land Registry. This is where your property lawyer comes in. 

Step 4: Negotiate price and payment terms.

Usually, this happens after you’ve found a flat you want to buy, but what’s the point of negotiating when you’ve not verified ownership? 

When negotiating for a better offer on the flat, offer slightly below the asking price (about 5-10% lower) and be ready to walk away.

That’s often when the seller becomes flexible.

Also, at this point, you have to pick a payment terms that work for you. Some offers come with a certain down payment percentage. 

Step 5: Sign a Sale Agreement

There’s really no transfer of ownership without a sale agreement. 

So, ensure that lawyers represent both the buyer and the seller, and that payments are made through traceable channels, such as bank transfers.

Step 6: Process transfer of ownership

This is when you file the Deed at the Lagos Land Registry.

With that done, you can now take possession and secure the property. You can change locks and meet neighbours on a more familiar note. 

After Purchase: What to Do Next

Once you collect keys, here are the key things you should do that many buyers overlook:

1. Change all locks and secure windows
2. Transfer electricity and waste collection bills to your name
3. Inspect plumbing, paint, and wiring before moving in
4. Introduce yourself to the neighbourhood association. They often help with security and utilities
5. Keep your documents safe and make photocopies for future transactions

Why Buy in Surulere?

Surulere has long been a prime spot for buyers who want good value without the Island’s high price tag. Here’s why it remains attractive:

• Central Location: Easy access to Island, Yaba, Mushin, and Ikeja.
• Reliable Infrastructure: Many streets have drainage, a good water supply, and electricity compared to many parts of the mainland.
• Strong Rental Demand: After buying the property, you can rent out the 2-bedroom flat for ₦2.5 to ₦4 million annually in top areas. So this is a steady investment.

This is a goldmine, so much so that we created a seperate guide to explain in more detail why leasing is the new cool in Surulere.

Final Thoughts

One common concern when people search for flats to buy in Surulere is the extra charges for agreement, commission, damages, and legal fees, which push the total rental cost higher.

Of course, there are other concerns, like time-wasting, fear of scams, or fear of not knowing where to start.

But with RentHouseSurulere, your search becomes easier, faster, and completely stress-free.

We have long been a trusted source for finding various apartments around Surulere. 

You can start by reaching out to us on WhatsApp.